Net Revenues of $25.9 Million, Up 40% Year over Year
Deferred Revenues of $86.8 Million, Up 43% Year over Year
Surpassed 1,000 Signed Clients Since Inception, Up 27% Year over Year
LAS VEGAS, July 8, 2015 – Rimini Street, Inc., the leading independent provider of enterprise software support for SAP AG's (NYSE: SAP) Business Suite and BusinessObjects software and Oracle Corporation's (NYSE: ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion and Oracle Retail software, today announced its financial results for the three months ended March 31, 2015. The Company had released Preliminary Fiscal First Quarter 2015 Financial Results on April 29, 2015.
Rimini Street's first quarter results included record highs in net revenues and deferred revenues. Also, the number of clients electing multi-year, non-cancelable service periods is a record for fiscal first quarters.
- Net revenues for the first fiscal quarter of 2015 increased 40% year over year to $25.9 million
- Deferred revenues as of March 31, 2015 increased 43% year over year to $86.8 million
See the Preliminary Fiscal First Quarter 2015 Financial Results press release from April 29 for additional information about notable Q1 2014 achievements and commentary about the quarter from CEO Seth A. Ravin.